News & Videos - KITRON ASA [CBOE] - English

(2025-03-21) Enclosed is a pdf version of the 2024 Annual Report for Kitron ASA. The Annual Report is also available on our website, www.kitron.com . The company publishes its annual financial statements also in European Single Electronic Format (ESEF), available as an attachment to this release. For further information, please contact: Cathrin Nylander, CFO, tel. +47 900 43 284 E-mail: [email protected] Kitron is a leading Scandinavian electronics manufacturing services company for...

(2025-03-11) Kitron has received an order valued at NOK 109 million from Kongsberg Defence & Aerospace AS (KONGSBERG). The order covers communication equipment used in air defence systems delivered by KONGSBERG. “KONGSBERG has reported strong activity in its air defence projects, and we are very pleased to be part of its value chain in this growing market segment,” says Hans Petter Thomassen, VP Nordics & North America at Kitron. Deliveries are scheduled for 2026, with production taking...

(2025-02-24) Primary insider Stian Haugen, CTO of Kitron ASA, has today sold 70,000 shares in Kitron ASA with an average price of NOK 41.80 per share. Primary insider notification pursuant to the market abuse regulation article 19 are attached. For further information, please contact: Cathrin Nylander, CFO, tel.: +47 900 43 284 E-mail: [email protected] (mailto:[email protected]) This information is made public by the Company pursuant to the EU Market Abuse Regulation...

(2025-02-18) Kitron has received an order with a value of about NOK 73 million covering electronics for the Joint Strike Missile (JSM) supplied by Kongsberg Defence & Aerospace (KONGSBERG). “Kitron has long been actively engaged in the JSM program, and this order significantly boosts our order backlog related to this critically important weapon system. We are delighted that KONGSBERG has once again turned to Kitron for our services in this growing market segment,” says Hans Petter Thomassen,...

* Dividend amount: NOK 0.35 per share * Declared currency: NOK * Last day including right: 24 April 2025 * Ex-date: 25 April 2025 * Record date: 28 April 2025 * Payment date: On or about 15 May 2025 * Date of approval: 24 April 2025 This information is published in accordance with the requirements of the Oslo Børs Continuing Obligations for stock exchange listed companies. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act...

(2025-02-13) Kitron today reported fourth-quarter revenue at EUR 160.6 million, operating profit (EBIT) was EUR 11.8 million and profitability expressed as EBIT margin was 7.3 per cent. Though fourth-quarter results still reflect the softer market, they also demonstrate the effect of restructuring efforts and a steadily improving order backlog. The order backlog ended at EUR 472 million. This is the third quarter in a row with a growing order backlog, a trend that has continued into 2025. Peter...

(2025-01-22) Kitron has received an order with a value of NOK 300 million from Kongsberg Defence & Aerospace (KONGSBERG). The order covers electronics for the Naval Strike Missile (NSM) and extends a similar contract awarded in June 2024. Deliveries under the new order are set to commence in 2026, with production taking place at Kitron’s facilities in Arendal, Norway . “We are very pleased to announce this order, which confirms Kitron’s position as a robust and reliable Kitron and...

(2025-01-20) Kitron has entered into a significant long-term contract for the production and services of advanced optical assemblies tailored for the Unmanned Aerial Vehicle (UAV) and drone market. The contract is expected to generate revenues exceeding EUR 30 million in 2025. Production will be carried out at Kitron’s facility in the Czech Republic, leveraging the company’s extensive experience in building complex assemblies. “We are proud to embark on this long-term collaboration, which...

(2025-01-11) Kitron has received an order with a value of NOK 46 million from Thales Norway. Deliveries will start in the first quarter of 2026 and continue through the second quarter of 2026. Production will take place at Kitron's plant in Arendal, Norway. “This order is strategically important for Kitron. It strengthens our cooperation with Thales and contributes to securing our position in the defence sector,” said Heine Østby, Managing Director, Kitron Norway. For further information,...

(2024-12-23) Kitron has entered into a manufacturing contract with a leading technology company focusing on innovative IoT solutions. A five-year contract has been signed, and Kitron has received orders totalling EUR 15 million for delivery in 2025. The contract covers a gateway to sensors that transfer data to the cloud. The target application is assets tracking, monitoring shipments in the logistics sector. "We are extremely happy that the customer has chosen Kitron as a long-term production...

(2024-12-20) The expansion of the factory will add approximately 6000 square meters and will be completed during the second half of 2025. After the expansion, Kitron will have approximately 14000 square meters available for production in Jönköping. "The activity level is high at the Jönköping factory, and we see growth in relevant market sectors in the coming years. In order to handle the expected growth, we need more capacity, and the expansion is the answer to this need. I and the rest of...

(2024-12-19) The order has an annual value of over USD 5 million, with a potential extension of the program for an additional two years. The order is for custom electronics for the U.S. Army and allied forces. Production will take place at Kitron’s U.S. facility in Windber, PA, and deliveries are expected to start in mid-2025. "We are very pleased to announce this continued collaboration with our long-term partner supporting this important program. This announcement confirms Kitron’s...

(2024-12-16) Primary insider Cathrin Nylander, CFO of Kitron ASA, has purchased 45 000 shares at a price of NOK 32.70 per share. Primary insider Zygimantas Dirse, General Manager of Kitron ASA, has sold 74 000 shares at a price of NOK 32.34 per share. Primary insider Lars Peter Nilsson, CEO of Kitron ASA, has today transferred 600 000 shares to his children with a market price of NOK 32.74 per share. The shares are a gift to his children and are given without payment. Primary insider...

(2024-12-10) Kitron is hosting a Capital Markets Presentation today to update investors on the company's financial and commercial targets and ambitions. There is strong growth in the Defence and Aerospace market sector. Other market sectors are expected to recover over 2025 and the beginning of 2026. Despite temporary softness in some segments, Kitron maintains its medium-term financial goals. “The geopolitical landscape is shifting, and Kitron is adapting. We are pursuing growing market...

(2024-12-03) Kitron ASA will host a Capital Markets Presentation in Oslo, Norway, on 10 December 2024 to provide an update on strategic and financial ambitions. The Capital Markets Presentation will start at 09:00 CET, last for approximately 1.5 hours including Q&A, and be webcast at the following link: https://channel.royalcast.com/landingpage/hegnarmedia/20241210_2/ For further information, please contact: Cathrin Nylander, CFO, tel: +47 900 43 284 E-mail: [email protected] Kitron...

(2024-10-24) Kitron today reported quarterly figures that are impacted by challenging markets but also demonstrate actions taken to adapt to market shifts by leveraging the group’s global capabilities. Kitron's revenue for the third quarter was EUR 145.1 million, compared to 179.2 million last year. There was growth within the Defence/Aerospace and Medical devices market sectors, while other market sectors declined. Operating profit (EBIT) was EUR 10.7 million, compared to 16.2 million last...

(2024-09-22) Reference is made to the outlook given in Kitron’s second-quarter report. The outlook for Central and Eastern Europe (CEE) sites has not picked up as expected. Several major customers within the market sectors Electrification and Industry have continued to reduce and postpone demand for the third and fourth quarters of 2024 as destocking continues and end markets have not developed as expected. To facilitate further growth for the Nordic sites, where demand is strong, and...

(2024-07-11) Kitron today reported quarterly figures that reflect the company's ability to maintain operating margins in line with the company's strategic target despite sector challenges. Kitron's revenue for the second quarter was EUR 167.6 million, compared to 206.3 million last year. There was strong growth within the Defence/Aerospace market sector, while other market sectors declined. Second-quarter operating profit (EBIT) was EUR 15.0 million, compared to 19.2 million last year. EBITDA...

(2024-06-28) Kitron has received orders with a value of over NOK 500 million from Kongsberg Defence & Aerospace (KONGSBERG). The order is for electronics for the Naval Strike Missile (NSM) supplied by KONGSBERG. "We are very pleased to announce this continuation of our long-term collaboration with KONGSBERG, which confirms Kitron’s previous communication about increased demand in the Defence and Aerospace sectors, which particularly affect our Norwegian operations,” said Hans Petter...

(2024-06-20) The new building will be approximately 7,500 square meters and will be completed during the first half of 2026. “For AFK Eiendom, this is an incredibly exciting partnership that will contribute to attractive growth in our region. We are pleased to develop the project for Kitron at a key location for manufacturing and industry,” says Tom Krusche Pedersen, Property Manager at AFK Eiendom. The building will be located at Longum, close to the E18 highway north of the city of...